Audio
AUDIO MACRO ANALYSIS: The music has stopped playing, for now....The entire alt coin market is at the mercy of BTC right now, and as long as BTC Dominance trends higher, Alts will not be very profitable, except for short term trading.
In general, I do not hold altcoins during downtrends. Even when you think they can't go any lower: they can.
**IF YOU ARE looking to reenter or buy more AUDIO, however, I would wait for the price to break above the macro trend line acting as resistance. Paired with a break above the 200 SMA (and a rally for BTC) should shift momentum to the upside.
Audius is still a great project with a lot of potential. Do not think for a second that the severe retrace in the price of AUDIO is based on the viability of the Audius project.
The volatility is simply a feature of alt coin markets, which the Audius devs surely realized when they made Audio available for trading.
Traders certainly had their way with AUDIO, and hopefully my artist friends secured some profits too.
I don't see the Audius team giving up any time soon, so if and when the bull market cycle restarts, AUDIO will definitely be one to watch, and may be a good one to buy and hold onto if the price continues to decline in the short/mid term.
happy trades,
CD
🆓Audius (AUDIO) July-8 #AUDIO $AUDIOAUDIO is being rejected at the $1 zone and is heading back to the $0.8 zone, it's still an important support zone and if it doesn't lose this zone it will continue to rise towards the $1.2 and $1.6 zone by the end. this July. But if it loses this $0.8 zone, then AUDIO still has 2 reliable support zones at $0.7 and $0.6.
📈BUY
🔴Buy : 0.78-0.82$. SL if B
📉SELL
🔴Sell : 1.17-1.23$. SL if A
🔴Sell : 1.56-1.64$. SL if A
♻️BACK-UP
🔵Sell : 0.78-0.82$ if B. SL if A
🔵Buy : 0.68-0.72$. SL if B
🔵Buy : 0.585-0.615$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
AUDIO/USDT Moving into range range. Breakout ahead?AUDIO found support at the green line and did follow the downwards trend indicated by the violet line.
We are looking at a decisive moment where we probably see a disrupting move.
AUDIO has a great usecase since music is all over the place.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
AUDIO/BTC - Poss Inverse H&S setup! I mostly trade/post about AUDIO/USDT, but keep an eye on AUDIO/BTC as well - There's a possible Inverse H&S pattern forming at previous support, as well as a possible rising channel that could provide some easy scalp trades if that continues to be respected. If it breaks out from the channel, the red lines are targets.
Remember - the coins you really wanna buy are the ones nobody's talking about yet... ;)
happy trades,
CD
AUDIO/USDT Potential 9R trade. Crypto analysis on AUDIO/USDT shared inside our portal and crypto channel. This coin has VERY strong fundamentals and we are huge believers in this project. They have the potential to steal a lot of market share away from the likes of Spotify and Apple Music.
In our opinion, AUDIO still has 100x potential from current prices, and might be something to consider in your Crypto portfolio.
This is not investment advice, please DYOR
AUDIOUSDT (AUDIUS) - BULLISH SETUPANALYSIS 🔎
- AUDIOUSDT hit an ATH and retraced for a retest of the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1), this is a bullish signal.
- There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern.
- Price hit a swing high and retraced (right shoulder formation).
- Price is retesting the descending trendline resistance (DTR-1), horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- The minor retracement at the right shoulder is resisted by the descending trendline resistance (DTR-2).
- Breakout above the descending trendline resistance (DTR-2) could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern).
- Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Breakout above the inverse head and shoulders neckline resistance (NR).
TARGETS 🎯
- All Time High ( ATH ) resistance.
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below 0.786 fibonacci retracement level.
- Final invalidation : breakdown below previous swing low horizontal support level (S2).
AUDIO killed the radio star 2Guys, it's pumpseason and I would say that the Audius 🎵 is going to have another pump⛽ soon! AUDIO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 3.28 and even higher.
ENTRY : local high @ 2.462
SL : local low @ 2.33
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 3.28
RRR : 6.2
INVALIDATION : when SL level hit
Like👍 & Enjoy📺!
FORTUNE TELLER ~ AUDIO/USDT PREDICTION... (Just for fun)Trading isn't predicting. I know I'm setting myself up for failure here, but as the title indicates THIS IS JUST FOR FUN - NOT FINANCIAL ADVICE!!!
Contrary to popular belief, I cannot predict the future.
But I think there's a strong possibility AUDIO (and a number of other alts) are currently in a re-accumulation phase, building towards another run up...
If true, I would predict that AUDIO'S PA is going to continue to be affected by the resistance zone.
I DON'T expect the curve I drew to hold up perfectly. Audio may even continue ranging for a while and invalidate the timing of this prediction.
we shall see......
I just hope you realize......
that since I posted this.... Audio is probably going to crash instead XD
happy trades guys and gals
CD
AUDIO BULLFLAG COMPLETED & RESTESTED. $9 TARGETFTX:AUDIOUSD
All tokens, depend on BTC .d and BTC . If BTC dump, market follows. We are in alt season so BTC .D doesnt have as strong impact but must keep on watch for all trades, any setups or TA can easily be dismissed when BTC dumps or when BTC .D increases.
BullFlag on Audius (and many alts have similar look on chart), completed full retracement.
Broke out from downtrend + retested.
Targets shown n Fib lines. Final target here would be equivalent of flag pole length from tip of flag (just above $9). Take profits BEFORE those fib lines and BEFORE those psychological numbers ei $9.00
Not financial advise, just sharing my thoughts and hope you can succeed from my shared ideas.
Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
$AUDIO/BTC 8h (Binance Spot) Falling wedge breakout and retestAudius has broken bullish and looks ready for another big move up.
Current Price= 0.00003996
Buy Entry= 0.00004000 - 0.00003740
Take Profit= 0.00005031 | 0.00006476 | 0.00007588
Stop Loss= 0.00002899
Risk/Reward= 1:1.2 | 1:2.68 | 1:3.83
Expected Profit= +30.00% | +67.34% | +96.07%
Possible Loss= -25.09%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1 month
AUDIO BREAKOUT! RESTESTING RESISTANCE! AUDIO broke out from a bull pennant / above multiple SMAs and is now retesting the bottom of the resistance zone around $3. I expect a retest of support before it can break into/above that zone, but you never know. This is looking like a reversal from the short term downtrend AUDIO has been in, but it will have to keep putting in higher lows.
targets are marked by red lines and possible reentry levels by green dashed lines. Keep an eye on AUDIO!
A similar setup was recently posted in the Crypto Revolution trading group, and now that we've had a confirmed breakout, I would expect to see some more volume / volatility in the coming days/weeks.
happy trades,
CD